Asia300

CTBC Financial Holding Co. Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 19
Mar 24, 2017
Market cap:
Market cap(USD):
370,443M
12,153.6M
Shares: 19,497M

Currency in TWD

Company profile

Market(Ticker): TAI(2891)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 25,555

Business summary

CTBC Financial Holding Co. Ltd. engages in the provision of personal and business banking and stock dealing. It focuses on financial, investment, insurance, securities, insurance, and lottery business. The company was founded on May 17, 2002 and is headquartered in Taipei, Taiwan.

Company background

Controlled by one of Taiwan's most powerful families, the Koos, CTBC offers banking, insurance and brokerages services. Unlike Fubon Financial Holding and Cathay Financial Holding, two other Taiwanese financial services companies that make most of their profits on life insurance, most of CTBC's earnings come from its banking unit, backed by its strong wealth management services and overseas businesses.

Founded by Koo Chen-fu and his nephew Jeffrey Koo in 1966, CTBC started out as Taiwan's first brokerage. It turned into a financial holding company in 2002. In 2013, the company renamed itself from Chinatrust to CTBC, shortened from Chinatrust Banking Corp., to rebrand itself as part of its regional expansion efforts.

What differentiates CTBC from Fubon and Cathay in their common expansion attempts is its substantial presence in Japan. It acquired midsize Japanese lender Tokyo Star Bank in 2014.

It is generally recognized that the Koo family, particularly CTBC Charity Foundation Chairman Jeffrey Koo, Jr., exercise significant influences over CTBC. Jeffrey has a Master of business Administration degree from the Wharton School of the University of Pennsylvania in the U.S.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 283,742.37M
Gross profit --
Operating income 41,056.95M
Income before tax 40,976.15M
Net income 35,397.57M
EBITDA --
Diluted EPS 1.94
Dividends per share 0.75
Total assets 4,596.22B
Total liabilities 4,318.63B
Total equity 277,507.14M
Operating cash flow 111,103.77M

Currency in TWD

Revenue 8,935.62M
Gross profit --
Operating income 1,292.96M
Income before tax 1,290.42M
Net income 1,114.74M
EBITDA --
Diluted EPS 0.06
Dividends per share 0.02
Total assets 139,928.35M
Total liabilities 131,477.22M
Total equity 8,448.47M
Operating cash flow 3,498.88M

Currency in USD

Valuation measures

Dec 2015

PER 8.04
ROA 0.85%
ROE 13.96%
Operating margin 14.46%
Profit margin 12.47%

Key executive

  • General Manager, Spokesman & IR Contact: Yi Kuei Wu
  • Secretary, Head-Finance & IR Officer: Li Hsueh Kao
  • Executive Officer & Head-Japan Business: Yeun-Ginn Chen
  • Chief Administration Officer: Roger Kao
  • Chief Risk Officer: Tai Ko Cheng

Share holders

  • Wealthy Wonder Group Ltd.(3.2%)
  • The Vanguard Group, Inc.(2.9%)
  • Nan Shan Life Insurance Co., Ltd.(2.3%)
  • Saudi Arabian Monetary Agency (Investment Management)(2.2%)
  • Estate of Koo Jeffrey Ls Jr(2.1%)
  • GIC Pte Ltd. (Investment Management)(1.9%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(1.9%)
  • BlackRock Fund Advisors(1.6%)
  • Chuan Wei Investment Co. Ltd.(1.6%)
  • Eagleright Management Co. Ltd.(1.6%)

Address

  • Website: http://www.ctbcholding.com
  • Address: 27/F & 29/F, No. 168 Jingmao 2nd Road, Taipei, 115, Taiwan
  • Phone: +886.2.3327.7777

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.